India's Mitsu Chem Plast gains on capacity expansion plan
05/06/2026 07:11
BUZZ-India's Mitsu Chem Plast gains on capacity expansion plan ** Shares of India's Mitsu Chem Plast MITU.BO jump 4.10% to 155 rupees
** Plastic products maker said it plans to add about 2,550 metric tonnes per year of capacity at its Khalapur unit in Maharashtra, taking total installed capacity above 32,000 MT per year
** Capacity addition will involve an investment of about 35 million rupees ($366,914.77), co said
** Adds the expansion is aimed at sustaining growth, product diversification and meeting market demand
** YTD stock up 47.20%
($1 = 95.3900 Indian rupees)
(Reporting by Surbhi Misra in Bengaluru)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
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